Post by Trade facilitator on Feb 9, 2011 4:20:18 GMT 1
Sesame Seed: Sesame seed (sesamum or benniseed) are the seeds of the tropical annual Sesamum indicum. The species has a long history of cultivation, mostly for its yield of oil. Harvesting begins in late December and continues through July. The major producing areas in order of priority are Nasarawa, Jigawa and Benue States. Other important areas of production are Yobe, kano, Katsina, Kogi, Gombe and Plateau States. The major importer of Sesemae Seds in the world is Japan while the major consuming markets in the EU are Greece, Germany, the Netherlands and the UK. IN the past, the bulk of Sesame was imported from China. Increasingly, other sources such as India, Sudan and most recently, Pakistan, are taking the market share.
The USA is the fifth largest import market with a steady demand for over 50,000 tonnes per year. The export free on board price of seseame seed varies from USD 900 to USD1400/MT depending on the type and form of the sesame seed and the negotiation reached with the buyers. Local price per metric tonne (MT) of Sesame seed varies from NGN80,000.00 during the peak season to about the peak season to about NGN120,000.00 at the off season. However local price when delivered to Lagos could range from NGN130,000 to NGN160,000.00. The return on investment is 25.2%.
The USA is the fifth largest import market with a steady demand for over 50,000 tonnes per year. The export free on board price of seseame seed varies from USD 900 to USD1400/MT depending on the type and form of the sesame seed and the negotiation reached with the buyers. Local price per metric tonne (MT) of Sesame seed varies from NGN80,000.00 during the peak season to about the peak season to about NGN120,000.00 at the off season. However local price when delivered to Lagos could range from NGN130,000 to NGN160,000.00. The return on investment is 25.2%.
